14 Hrs
Source:
New York Post
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Judge delays $110B Warner Bros deal
A federal judge issued a 14-day temporary restraining order blocking Paramount’s $110 billion acquisition of Warner Bros. Discovery after California and 11 other Democratic state attorneys general sued, claiming the merger would harm competition and consumers. The deal would unify major entertainment brands, including HBO Max, Paramount+, and CNN, but faces legal uncertainty as a hearing is scheduled to determine if a preliminary injunction will halt the merger entirely. If not completed by October 1, a significant daily fee would be incurred, increasing the deal’s cost.
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